this post was submitted on 13 Nov 2024
933 points (98.2% liked)
People Twitter
5222 readers
1956 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a tweet or similar
- No bullying or international politcs
- Be excellent to each other.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There is absolutely nothing "natural Ponzi-scheme" about cryptos inherently. They're obviously used as pump and dumps all the time but this is not inherent to the technology.
Glad you're somewhat familiar with the history of trade.
Hence if currencies die again, cryptocurrency is a viable alternative as a currency, which barter goods are not an adequate replacement for.
Idk, satellites don't really require daily maintenance in a best case scenario, nor do undersea cables, I fully expect the internet to outlive humanity altogether.
I simply don't agree with any of this whatsoever. Again, gold and bartering won't make good currency, currency is currency - like cryptocurrency or fiat currency - diversifying so not all your currency is directly dependant on the government is pretty sound financial principle. You can invest into gold but in catastrophies your attempt to barter or otherwise liquidate these assets will be troublesome. It just makes sense to me, but I'm not econ or finance, I'm a compsci.
Nevertheless I appreciate your perspective, you've definitely given me some food for thought for hedging my bets in the future.